Personal Tax 26 March 2012

Get your tax refund within 30 days if you use e-Filing

TAXPAYERS using e-Filing will be getting their refund credited directly into their bank accounts within 30 days after the declaration is made.

Inland Revenue Board (IRB) public relations officer Masrun Maslim said the refund would be made under the electronic fund transfer (EFT) which had shortened the processing time.

“This will be made online and the refund will be credited directly into the taxpayers’ accounts declared in the Income Tax Return Form (ITRF),” he said in a statement yesterday. 

Masrun added that a shorter processing time was possible this year if the ITRFs were submitted via e-Filing by taxpayers.

“The refund process could be speeded up if taxpayers made sure that information such as their names and identification card numbers under the bank accounts matched with the records that the board had received via e-filing,” he added.

Last year, the board received 1.27 million refund cases in which 285,261 cases (24 per cent) were processed under EFT.

The number, Masrun added, was still behind the target set by the board due to several reasons.

The reasons include taxpayers were doubtful and refused to submit their bank account information in the form (ITRF), inactive bank accounts were declared and information in the ITRF did not match the bank accounts’ data.

As of Dec 31 last year, the number of registered taxpayers in Malaysia was 6.6 million, with 5.5 million individual taxpayers.

For more information on e-Filing, log on to www.hasil.gov.my or call 1-300-88-3010.

Source: New Straits Times

See full press release from IRB (LHDN) : Get Your Tax Refund Within 30 Days

 

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Author:
Mr. Tony Ng B.C. is Founder and Managing Partner of NBC Professional Group.
Tony Ng BC has written 86 articles for NBC Blog.

5 Comments

  • As refer to the Press Release from IRB, Days is referred to “Working Days” (Hari Bekerja)

  • haizelah masram

    it would be a great idea to email or sms once the refund is being credited to their account.

  • Lam Wai Leong

    I still haven’t get the refund. I filled up the e-filling at 29-April-2013. Can someone let met know how can I check for the status? And when can I get the rebate?

  • I am a foreigner and was employed in Oct 2013 and filed my tax for 2013 assessment as non-resident last April 2014. I will be employed in my current employer until end of June this year. Can I already file my tax for this year assessment before I leave Malaysia by July 2014 as resident already and can I get the tax refund too?

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